By 3pm London’s AIM Index had managed to make further progress, tacking on more than four points to sit at 823.95 by 3pm
- Ananda Developments +30%
- Clontarf +26%
- Tertiary Minerals +18%
- Argos Resources -28%
- Steppe Cement -24%
Aquis listed Ananda Developments [AQSE:ANA] topped the board, adding some 30% at copy time. This morning the company released a wide ranging update which appeared to fuel investor appetite, reinforced by analyst comment that the UK is on course to become the second largest medical cannabis market in Europe.
Clontarf LON:CLON was in second place, up 26% by 3pm. There’s no news but transaction levels are meaningfully elevated from what has been seen recently. One to watch?
Tertiary Minerals LON:TYM get the notable mention, up 18% off the back of placing news. New shares were sold close to recent trading levels and the absence of any hefty discount here seem to be lending support.
Argos Resources LON:ARG was the day’s worst performer, off 28% at 3pm. Volumes were however far from exciting and the decline was barely more than the quoted spread.
- Small Cap Stocks: Keras Resources, Clontarf Energy, Jaywing
- Small Cap Stocks: Kropz, Clontarf Energy, Cloudified, Landore
- Small Cap Stocks: Clontarf Energy, Kropz, Eurasia Mining
Steppe Cement LON:STCM also had a challenging day, falling 24% by 3pm. This morning the company produced a quarterly market update. Detail was light but what we did see was falling demand and a lack of forward visibility as a result of global macro uncertainties.
